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ALTM

Arcadium Lithium plc (NYSE:ALTM) shares are trading higher after RBC Capital analyst Kaan Peker initiated coverage with an Outperform rating and a $4.00 price target. Despite weak EV demand, the analyst predicts strong production growth and tripling earnings by FY26.

Portfolio Pulse from Lekha Gupta

June 26, 2024 | 6:56 pm

NVDA

VRT

Vertiv Holdings (NYSE:VRT) shares are trading lower as the company hosts its annual Technology Fair in Columbus, Ohio, focusing on next-generation data centers and AI's impact on infrastructure. The event features keynotes and panels with industry experts and showcases partnerships, including a cooling system developed with NVIDIA (NASDAQ:NVDA).

Portfolio Pulse from Vaishali Prayag

June 26, 2024 | 6:50 pm

BDRXF

BOMBF

Unifor members at Bombardier Inc. continue their strike after rejecting the company's final offer. Both parties remain at the bargaining table, but key union priorities remain unresolved. The strike involves 1,350 workers manufacturing Bombardier's Global series aircraft in Toronto.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2024 | 6:50 pm

LYEL

Lyell Immunopharma Inc (NASDAQ:LYEL) shares dropped significantly after the company reported a patient death in its Phase 1 trial of LYL797, a CAR-T cell therapy. The trial showed some positive results but also highlighted serious adverse events, including a Grade 5 respiratory failure.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 6:44 pm

CI

Piper Sandler has initiated coverage on Cigna Corporation (NYSE:CI) with an Overweight rating and a price target of $400. The analyst highlights Cigna's leadership in the specialty pharmacy market and its strong EPS growth potential. Cigna's businesses, Cigna Healthcare and Evernorth Health Services, are expected to drive long-term EPS growth at a 10-14% CAGR. The sale of the Medicare Advantage business to HCSC is seen as a positive catalyst for 2025.

Portfolio Pulse from Vandana Singh

June 26, 2024 | 6:40 pm

CANB

CanadaBis (CVE:CANB) reported a 26% YoY decline in net revenue for Q3 2024, with net revenue at C$3.97M. Despite the decline, the company highlighted its tenth consecutive quarter of revenue generation and efforts to improve operational efficiency. The stock is currently trading at $0.0650, down 13.3% from Tuesday.

Portfolio Pulse from Rolando García

June 26, 2024 | 6:40 pm

SONY

Sony Group Corp.'s PlayStation has filed a patent for a customizable controller using electric ink, allowing players to design their own layout. This innovation includes an 'anti-fatigue' key and advanced accessibility features, potentially enhancing the gaming experience for all players.

Portfolio Pulse from Franca Quarneti

June 26, 2024 | 6:35 pm

LYV

PENN

PENN Entertainment has expanded its partnership with Ticketmaster to enhance its PENN Play loyalty program. Members can now use PENN Cash for tickets to concerts, sporting events, and shows, providing a new payment option. PENN will also have on-site activations at five amphitheaters across the U.S.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 6:33 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) stock is hitting new all-time highs due to multiple positive developments. BofA Securities analyst Justin Post maintained a Buy rating and raised the price target to $220, citing efficiency gains. Additionally, Amazon is preparing to launch a discount section similar to Temu, which has further boosted investor confidence.

Portfolio Pulse from Adam Eckert

June 26, 2024 | 6:23 pm

GOOG

GOOGL

MSFT

NVDA

A Jefferies survey reveals that while most people associate AI with Google's Alphabet Inc., many still prefer using OpenAI's ChatGPT for work. The survey highlights consumer preferences and price sensitivity towards AI platforms, indicating no clear 'AI killer' use case yet. Despite some hiccups, tech giants like Alphabet, NVIDIA, and Microsoft have seen their market capitalizations reach all-time highs due to their investments in AI technologies.

Portfolio Pulse from Hayden Buckfire

June 26, 2024 | 6:23 pm